Calcium Carbonate Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Type (Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC)); Application (Paper, Plastic, Paints and Coatings, Adhesives and Sealants, Building and Construction and Others)
Publication Month: May 2021 | Report Code: TIPRE00006947 | No. of Pages: 141 | Category: Chemicals and Materials | Status: Published
The calcium carbonate market was valued at US$ 36,777.24 million in 2020 and is projected to reach US$ 52,556.64 million by 2028; it is expected to grow at a CAGR of 4.7% from 2021 to 2028.
Calcium carbonate is a colorless, odorless, and tasteless crystalline compound, obtained naturally from limestone rock or can be manufactured by decomposing limestone to calcium oxide, followed by the process of subsequent re-carbonization. Further, the compound possesses a pH of above 6 and is extensively deployed in several commercial and industrial application bases. The demand for calcium carbonate is rising across adhesives and sealants, animal and pet feeds, construction, fertilizers, glass and ceramics, paint and surface coating, paper filler and coating pigments, plastics, and rubber & elastomers industries.By application, the paper segment held the largest share in the global calcium carbonate market in 2020. Calcium carbonate powder is used in the production of acid and alkaline papers because it extends the paper's lifetime. The use of calcium carbonate helps improve the overall brightness and opacity of a paper. Expanding demand for brighter paper with improved characteristics is increasing the use of calcium carbonate in paper and pulp market. The rising demand for paper in packaging applications and hygiene-related products, such as tissue paper, is yet another factor expected to bolster the growth of the calcium carbonate market during the forecast period.
In 2020, North America contributed to the largest share in the global calcium carbonate market. The market growth in the region is primarily attributed to the presence of strong industrial base with prominent manufactures, who significantly contribute to the market growth. High demand for calcium carbonate from end-use industries such as paper, plastic, adhesive and sealants, and building and construction is stimulating market growth in the region. In addition, the rise in investments in infrastructure development along with the growth of manufacturing sector across economies offer lucrative opportunities for the growth of the calcium carbonate market in Asia Pacific.
Impact of COVID-19 Pandemic on Calcium Carbonate Market
The COVID-19 outbreak has severely impacted economies and industries in a number of countries due to lockdowns, travel bans, and business shutdowns. Chemicals & materials is one of the significant industries experiencing severe disruptions as a result of supply chain breakdowns and plant closures. The closure of numerous manufacturing plants and factories in the key regions, such as North America, Europe, and APAC, restricted the global supply chain and disrupted manufacturing processes, distribution schedules, and product sales. The calcium carbonate market is disrupted by the COVID-19 outbreak because of lowered calcium carbonate production, supply chain instability, hampered trade movements, and reduced demand from end-use industry and new projects. The outbreak has hampered operational efficiency and disrupted the value chains due to the sudden shutdown of national and international boundaries, creating revenue loss and damage. The restricted value chain has had a negative impact on the supply of raw materials. However, as the economies are planning to revive their operations, the demand for calcium carbonate is expected to rise globally in the coming months.
Global Calcium Carbonate Market Breakdown- by Region, 2020
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Market Insights
Consistent Demand from Paper Industry
Calcium carbonate is mainly used in the paper industry as a filler material for the alkaline paper making process. Calcium carbonate is considered as a valuable material in the paper industry because of its high brightness and light scattering characteristics. It is used for brighter, bulkier, and smooth paper. Calcium carbonate also enhances the quality of paper grades. In addition, it reduces the cost associated with paper production; thus, there is a consistent demand for calcium carbonate from the paper industry.
Type Insights
By type, the calcium carbonate market is bifurcated into Ground Calcium Carbonate (GCC) and Precipitated Calcium Carbonate (PCC). In 2019, the Ground Calcium Carbonate (GCC) segment dominated the market owing to the lower price and better availability. GCC is a sedimentary rock mainly made up of the calcium carbonate mineral calcite (CaCO3). Adhesives and sealants, animal and pet food, construction, fertilizers, glass and ceramics, paint and surface coating, paper filler and coating pigments, plastics, and rubber and elastomers are a few of the applications of GCC. GCC color ranges from bright white to light grey, and its chemical purity varies from 80 to 90% calcium carbonate to well over 99.9%.Application Insights
Based on application, the calcium carbonate market is segmented into paper, plastic, paints and coatings, adhesives and sealants, building, and construction and others. In 2020, the paper segment dominated the market. Calcium carbonates and kaolin clay are the workhorse minerals used in the paper industry. Calcium carbonate is added to a pulp suspension during the papermaking process. The inclusion of carbon dioxide in the pulp suspension significantly slows the dissolution of calcium carbonate in the papermaking system. The invention also includes methods for producing paper or board using solid calcium carbonate as a filler or pigment in papermaking systems. Because of its great brightness, calcium carbonate is widely used as a filler or pigment in papermaking. Calcium carbonate is rarely soluble in alkaline circumstances above a pH of around 8, but it is soluble when attacked by acids such as sulfuric acid and alum.Calcium Carbonate Market, by Application– 2020 and 2028
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Strategic Insights
A few of the major key players operating in the calcium carbonate market are Abetong AB, Boral, CEMEX S.A.B. de C.V., Consolis, ELO Beton, Forterra, GULF PRECAST, LafargeHolcim, Tindall Corporation, and Spancrete. These market players are highly focusing on the development of high quality and innovative product offerings.
Report Spotlights
- Progressive industry trends in the calcium carbonates market to help players develop effective long-term strategies
- Business growth strategies adopted by developed and developing markets
- Quantitative analysis of the calcium carbonates market from 2019 to 2028
- Estimation of global demand for calcium carbonates
- PEST analysis to illustrate the efficacy of buyers and suppliers operating in the industry
- Recent developments to understand the competitive market scenario
- Market trends and outlook as well as factors driving and restraining the growth of the calcium carbonates market
- Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
- Detailed overview and segmentation of the market, as well as the calcium carbonates industry dynamics
- Size of the calcium carbonates market in various regions with promising growth opportunities
Calcium Carbonate Market, by Type
- Ground Calcium Carbonate (GCC)
- Precipitated Calcium Carbonate (PCC)
Calcium Carbonate Market, by Application
- Paper
- Plastic
- Paints and Coatings
- Adhesives and Sealants
- Building and Construction
- Others
Company Profiles
- Abetong AB
- Boral
- CEMEX S.A.B. de C.V.
- Consolis
- ELO Beton
- Forterra
- GULF PRECAST
- LafargeHolcim
- Tindall Corporation
- Spancrete
Frequently Asked Questions
The List of Companies - Calcium Carbonate Market
- Omya AG
- Mississippi Lime Company
- Imerys S.A.
- Huber Engineered Materials
- Minerals Technologies Inc
- OKUTAMA KOGYO CO.,LTD
- SCHAEFER KALK GmbH & Co. KG
- Cerne Calcium Company
- GCCP Resources Ltd
- LafargeHolcim
- Highlights key business priorities to assist companies realign their business strategies.
- Features key findings and crucial progressive industry trends in the global calcium carbonate market, thereby allowing players to develop effective long-term strategies.
- Develops/modifies business expansion plans by using substantial growth offering from developed and emerging markets.
- Scrutinizes in-depth market trends as well as key market drivers and restraints.
- Enhances the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation, and industry verticals.
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